Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS

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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS (USD $)
3 Months Ended 6 Months Ended
Apr. 30, 2014
Apr. 30, 2013
Apr. 30, 2014
Apr. 30, 2013
Revenue from patent assertion activities $ 1,105,000    $ 1,105,000   
Operating costs and expenses:        
Inventor royalties and contingent legal fees 465,095    465,095   
Litigation and licensing expenses 70,819 6,750 104,017 6,750
Amortization of patents 81,359    151,840   
Marketing, general and administrative expenses (including non-cash stock option compensation expense of $1,877,106, $1,454,960, $1,156,468 and $740,757 respectively) 1,842,996 1,844,275 3,704,060 3,917,074
Total operating costs and operating expenses 2,460,269 1,851,025 4,425,012 3,923,824
Loss from operations (1,355,269) (1,851,025) (3,320,012) (3,923,824)
Change in value of derivative liabilities (990,704) 210,000 (2,310,704) 210,000
Loss on extinguishment of debt (482,915)    (482,915)   
Interest expense (422,463) (835,458) (801,128) (857,653)
Dividend income       47,568   
Interest income 1,908 30 3,320 37
Loss before income taxes (3,249,443) (2,476,453) (6,863,871) (4,571,440)
Provision for income taxes            
Net loss (3,249,443) (2,476,453) (6,863,871) (4,571,440)
Unrealized (loss) gain on investment in Videocon Industries Limited global depository receipts (8,975) 290,194 (219,889) 1,292,410
Total comprehensive loss $ (3,258,418) $ (2,186,259) $ (7,083,760) $ (3,279,030)
Net loss per share:        
Basic and diluted (in Dollars per share) $ (0.02) $ (0.01) $ (0.03) $ (0.02)
Weighted average common shares outstanding:        
Basic and diluted (in Shares) 212,920,370 191,654,954 211,554,021 188,674,589